Bloomberg California has overtaken France as the world’s sixth-largest economy, fueled by strong growth and the U.S. dollar’s gains against foreign currencies, state data show. The most-populous U.S. state, with a gross domestic product of $2.5 trillion, has also eclipsed recession-plagued Brazil. “This is the result of both good growth in California and exchange-rate movements of the U.S. dollar ...

  Bloomberg Car owners and the U.S. government have an extra week to file settlement proposals in Volkswagen AG’s diesel-cheating case after a federal judge delayed the filing deadline, citing the “highly technical nature” of the negotiations. Lawyers for the drivers, the U.S Department of Justice and the Federal Trade Commission now have until noon on June 28 to file ...

  Bloomberg Mark Carney hit back against critics who accused him of supporting the U.K.’s membership in the European Union as a new poll showed the Leave campaign holding its lead ahead of next week’s referendum. The Bank of England has “a duty” to report its “evidence-based judgment” to parliament and the public, the institution’s governor wrote in a letter ...